Passari Cellulose Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on July 16, 2008, inter alia, have accorded the following:

1. Approved the adoption of Annual Accounts for the year ended March 31, 2008 together with Directors and Auditors Report thereon.

2. Approved the appointment of Mr. S Jhunjhunwala & Mr. V Dalmia as Directors of the Company liable to retire by rotation.

3. Approved the appointment of M/s. Krishnan & Giri, Chartered Accountants, Chennai as the Statutory auditors till the conclusion of the next Annual General Meeting in place of M/s. Surendra Kumar Surana & Co., Chartered Accountants.

4. Approved the appointment of Mr. Satish Ja, Mr. Nitesh R Lodha, Mr. Suresh Gadiya & Mr. Prakash Jain as Directors of the Company, liable to retire by rotation.

5. Approved the increase of Authorised capital to Rs 10 Crores.

6. Approved the Resolution for shifting of Registered Office from Balasore, Orrisa to Chennai, Tamil Nadu subject to confirmation of CLB.

7. Approved the Resolution authorizing the Board for Rights Issue upto an extent of Rs 10 Crores.

8. Approved the Resolution authorizing the Board for re-issue of forfeited shares.